What Is Solrise Finance? (SLRS)
Solrise Finance is a fund management and fund deposit protocol that is based on the Solana blockchain and is decentralized in nature. Users can either choose a fund or create their own. The platform enables users to let the market-leading traders worldwide manage their funds. Thus, Solrise invites everyone to open a fund and start spending.
The platform aims to give cryptocurrency access to everyone so that all can benefit, not just those who know how to deal with or operate the systems. Solrise seeks to enable users to manage their funds in ways that they clearly understand, without technology getting in the way.
The protocol is inspired by the need to bring financial freedom, which is not easy to achieve through centralized platforms that seek to democratize finance and where trust can be an issue. Traditional markets still rely on intermediaries and insiders. Further, the traditional financial ecosystem is built on restricted access and inefficiency. The traditional system may also be considered slow and hostile to innovation and inclusion. Thus, the protocol further seeks to minimize the amount of trust required; thus, offering everyone a fair chance and complete control of their assets and allowing them to make decisions without worrying about theft, mismanagement, or lack of transparency.
SLRS is the protocol’s native digital token. The token is nonrefundable and is used as the medium of exchange between users on the platform. Subsequently, SLRS provides a convenient and secure mode of payment and settlement between participants who interact within the ecosystem in a decentralized manner. Users can utilize the token to pay for entry and exit fees to Solrise Funds or to be locked by fund managers to reduce the share of management fees taken by the protocol.
History of Solrise Finance (SLRS)
Solrise Finance platform has three cofounders—Vidor Gencel, Matt Martin, and Filip Dragoslavic. The team also includes Boris Vujicic, Andrej Budincevic, Alex Kovacevic, and others. The maximum supply of SLRS tokens is capped at 1,000,000,000.00 SLRS.
